2023
Exports
$1.24BWorld Rnk 56 / 167
Flag Rnk 1 / 852
falsefalse United States
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$1.12kWorld Rnk 170 / 174
Flag Rnk 1050 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $1.24B in Gold, making it the 56th largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in Nicaragua. The main destination of Gold exports from Nicaragua are: United States ($637M), Canada ($353M), Switzerland ($244M), Italy ($6.56M), and Mexico ($789k).

The fastest growing export markets for Gold of Nicaragua between 2022 and 2023 were Canada ($353M), Switzerland ($29.8M), and Italy ($6.56M).

Imports In 2023, Nicaragua imported $1.12k in Gold, becoming the 170th largest importer of Gold in the world. At the same year, Gold was the 1050th most imported product in Nicaragua. Nicaragua imports Gold primarily from: Italy ($1.12k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.24B
IMPORTS (2023)$1.12k
NET TRADE (2023)$1.24B

In 2023, Nicaragua exported $1.24B in Gold. The main destinations of Nicaragua exports on Gold were United States ($637M), Canada ($353M), Switzerland ($244M), Italy ($6.56M), and Mexico ($789k).

In 2023, Nicaragua imported $1.12k in Gold, mainly from Italy ($1.12k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Canada$353M (1%)
Switzerland$29.8M (13.9%)
Italy$6.56M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Nicaragua WERE (2022 - 2023):
United States-$188M (-22.7%)
United Arab Emirates-$2.91M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Gold were:
In 2023, Nicaragua's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $56.5M
TOP IMPORT POTENTIALItaly+ $155k

Gold’s highest export potential is Switzerland. With an export gap of $56.5M.   Gold’s highest import potential is Italy with an import gap of $155k.

See methodology.

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